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Sep 28, 2012
09/12
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it has continued to see its market share erode down to 10% in the united states now compared to google and apple which have been growing their share. >> well, there is positives in the results and it was nice to see the total subscriber base grow to that 80 million it is important to remember that the company still saw revenue decline by 31% on a year-over-year basis. the number of units that were shipped, that 7.4 million for the entire quarter that compared to the 5 million apple sold and on its first weekend of sales are for thix phone 5. so this is a company that has-losing share, people view the platform as being behind the curve technologically and they still have a lot of ground to cover to catch up. >> does it have any price pog we are when it comes to its new device the blackberry -- in other words, it may not make it up on volume but can it continue to see margins and perhaps even increase margins within the company posted a loss this quarter and the expectations are they are going to post a loss in the next your as well. so they are not driving a profit with their current co
it has continued to see its market share erode down to 10% in the united states now compared to google and apple which have been growing their share. >> well, there is positives in the results and it was nice to see the total subscriber base grow to that 80 million it is important to remember that the company still saw revenue decline by 31% on a year-over-year basis. the number of units that were shipped, that 7.4 million for the entire quarter that compared to the 5 million apple sold...
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Sep 27, 2012
09/12
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. >> tom: i want to ask about demand here in the united states, because natural gas prices have been very low for quite some period of time thanks to new drilling techniques that have led to an abundance of natural gas. how high are natural gas prices have to go in order for your industry, the coal miners, to begin to see a pickup in demand domestically? >> well, when we see gas get back to the $3 range, coal will be back in money in terms of dispatching the electricity market. i think it's public policys that don't allow us to compete and we're starting to see what we believe are bad public policys that are going to carry bad chemical weaponss for american business and american consumers. >> tom: i want to ask you about one of those, an e. p. a. rule that would require plants built after april 2013, power plants, to have carbon capture technology. what kind of impact may that have on coal demand there after? >> well, tom, that is a policy that says we're not going to invest in the future of coal and future of clean coal technology, because if you're going to require something tomorr
. >> tom: i want to ask about demand here in the united states, because natural gas prices have been very low for quite some period of time thanks to new drilling techniques that have led to an abundance of natural gas. how high are natural gas prices have to go in order for your industry, the coal miners, to begin to see a pickup in demand domestically? >> well, when we see gas get back to the $3 range, coal will be back in money in terms of dispatching the electricity market. i...
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Sep 13, 2012
09/12
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>> well, if they're going to have more competitors, last year the united states had like 87% of the global market, 60 some odd billion dollars. what you'll see is they will not have as high of a share. i think the u.s. company share will drop back closer to 50%. >> tom: does the market shrink as well? or does that market continue to grow even with more competitors? >> well, the market grew substantially this year, primarily because of the threat that many middle east countries perceive from iran so, that was the big uptick in the global market. but again i think that the competition will be in what we call the developing countries, europe is not increasing its defense budget, our budget is going to, it's already going down and it probably will go down even more, even if we don't get sequestration, you will see further reductions as we try to grap well the deficit. >> tom: what's your best guess on this, i know you're in the a company analyst, but do you think this deal passes regulatory muster internationally? >> i think it will, because we had the same questions back in the 90s when we ha
>> well, if they're going to have more competitors, last year the united states had like 87% of the global market, 60 some odd billion dollars. what you'll see is they will not have as high of a share. i think the u.s. company share will drop back closer to 50%. >> tom: does the market shrink as well? or does that market continue to grow even with more competitors? >> well, the market grew substantially this year, primarily because of the threat that many middle east countries...
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Sep 15, 2012
09/12
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the united states is simply about to go through a period where we must repair our balance sheet. >> susan: any diskrorses to make on the stacks. >> we own everything we recommend or are in the process of buying. >> susan: another that's great. thank so much randall. randall ely, of the edgar j. lomack company. >> susie: fashion week has been taking place in new york city this week. the shows are invitation-only, and give celebrities and fashion writers the first glimpse of a designer's newest collection. nanette lepore was one of the nearly 100 designers featured at the event. if you don't know who she is, you could soon be seeing her name in a well-known, national department store chain. erika miller reports from the runway. >> reporter: the colors are bright, the prints bold, the fabrics soft and delicate. designer nanette lepore says the inspiration for her latest collection came from a vase. >> i was inspired by the porcelain room at the charlottenburg palace in berlin. some of the dresses toward the end of the show just look like they are made of glass because of the organza and the
the united states is simply about to go through a period where we must repair our balance sheet. >> susan: any diskrorses to make on the stacks. >> we own everything we recommend or are in the process of buying. >> susan: another that's great. thank so much randall. randall ely, of the edgar j. lomack company. >> susie: fashion week has been taking place in new york city this week. the shows are invitation-only, and give celebrities and fashion writers the first glimpse...
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Sep 7, 2012
09/12
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CNBC
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unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it will be a good thing. i'm looking at three things. i think the conservative newspapers are going bonkers today, i urge everybody to go online and read it. secondly i think when it comes to labor force participation rate @ will push it down for all of the wrong republicans. i think we're going to potentially test 2000 in gold. >> all right, very good, thank you all. >> a lot of people talking about that 23 2,000 level for a long time. what about stocks. will they make any big moves, what do you think, bob? >> today's response was not very encouraging. we had a move today related to china. that was a surpris
unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it...
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Sep 10, 2012
09/12
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for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. every time a local business opens its doors, or makes another sale, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we've extended over $4 billion in new credit to local businesses across the country so far this year. because the more we help them, the more we can help make communities stronger. >>> welcome back. more breaking news. >> another executive is leaving zynga. chief market and operating officer jeff carp is leaving the company after one year. following a slew of departures including chief operating officer and chief creative officer. zynga saying they're continuing their transition to mobile way from reliance on
for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. every time a local business opens its doors, or makes another sale, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america,...
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Sep 16, 2012
09/12
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another ratings agency issued a warning to the united states. moody's says if congressional negotiations fail to stabilize america's budget, moody's will lower the debt rating. mark zuckerberg maez made his first appearance at a technology conference. he said facebook was focusing on mobile. the stock price was disappointing, he said. facebook has half of the ipo price. >>> apple introduced iphone 5. it is faster, lighter, thinner and has a small ir dock connector called the lightning rod which is not compatible with earlier phones. apple stocks hit highs after the announcement. >>> a major move by the fed but what does it mean for your money? who better to answer these questions than pimco officer bill gross. he runs the total return fund. thank you for your time. >> thank you, marie. >> so much to talk about. let me begin with the fed action. $40,000 billion of securities a month to help boost the economy. could the fed have done more? was this throwing everything at the economy in your view? >> i think this is the most significant step since
another ratings agency issued a warning to the united states. moody's says if congressional negotiations fail to stabilize america's budget, moody's will lower the debt rating. mark zuckerberg maez made his first appearance at a technology conference. he said facebook was focusing on mobile. the stock price was disappointing, he said. facebook has half of the ipo price. >>> apple introduced iphone 5. it is faster, lighter, thinner and has a small ir dock connector called the lightning...
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Sep 10, 2012
09/12
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we're obviously throughout the united states. we're in many foreign countries. we're in latin america, we're in london, turkey, we're in china, we're in singapore, japan and other countries as we speak. and then our investment side, we're all over. we're invested in china, in the united states, obviously. some in latin america. anyplace we see an opportunity. >> finally, hank, no doubt you saw or heard about my interview with eliot spitzer, which at the end of the day, ended up to be a lot about you. what's your take? did you get feedback on that? >> yeah. you won. i mean, his waving around a document that happened to be nothing to do with what we're talking about, because what he was waving around, i'm told, was a termination by the federal court. but there was an appeal that overturned that. he didn't tell you about the appeal. >> right. hank, good to have you on the program. >> good to be with you. >> thank you for weighing in on the developments at aig, hank greenberg. over to you. >> we'll head toward the break here. markets still trading a little lower. he
we're obviously throughout the united states. we're in many foreign countries. we're in latin america, we're in london, turkey, we're in china, we're in singapore, japan and other countries as we speak. and then our investment side, we're all over. we're invested in china, in the united states, obviously. some in latin america. anyplace we see an opportunity. >> finally, hank, no doubt you saw or heard about my interview with eliot spitzer, which at the end of the day, ended up to be a...
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Sep 7, 2012
09/12
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we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis a
we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to...
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Sep 26, 2012
09/12
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WETA
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the impasse is just one of the many strains on relations between russia and the united states. iran is another is the dis trust over nato's defense shield. earlier this month the u.s. agency of the international development to lead russia. i'm pleased to have sergey lavrov back at this table, welcome. >> thank you very much, nice to be back. >> rose: u.s.-russia relations. >> yes, i believe we agree that these relations should be promoted. when president obama came to the whitehouse, he and his team assessed the relationship between moscow and washington and suggested what they call the reset of those relations which we supported. and i believe that since then, we have been having understanding between us, between moscow and russia, that the really mutually beneficial partnership in the interest of the russian and american people in the interest of international relations given the importance of the two countries can be based on equal, mutually respectful, mutually beneficial relationship. and on that route, we achieved quite a lot. i would be incomplete if i don't mention that
the impasse is just one of the many strains on relations between russia and the united states. iran is another is the dis trust over nato's defense shield. earlier this month the u.s. agency of the international development to lead russia. i'm pleased to have sergey lavrov back at this table, welcome. >> thank you very much, nice to be back. >> rose: u.s.-russia relations. >> yes, i believe we agree that these relations should be promoted. when president obama came to the...
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Sep 10, 2012
09/12
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it tells you a lot about the structural dynamic of employment here in the united states. and you're seeing still an increase in the number of people hiring for temporary work rather than full-time employment and a lot of the full-time jobs are in the lower paying wage range which really impacts consumer for down the road for stronger economic recoveries. >> another concern is the falling share of americans who are in the labor force. so as a whole, the figure continues to decline that's partly because of demographic reasons. but 20 to 24-year-olds, 70% for the first time. a trend across the board happening worldwide. and it would suggest that this goes beyond -- or that the damage in this particular recession could last for quite some time. >> certainly we're hoping to see better that i thinks to see people give more encourage chme but a lot of things have to be addressed quickly. what you are seeing is again i would go back to the fact that there are still a lot of job opportunities out there. people have to know where to find them. we pulled statistics from the national
it tells you a lot about the structural dynamic of employment here in the united states. and you're seeing still an increase in the number of people hiring for temporary work rather than full-time employment and a lot of the full-time jobs are in the lower paying wage range which really impacts consumer for down the road for stronger economic recoveries. >> another concern is the falling share of americans who are in the labor force. so as a whole, the figure continues to decline that's...
WHUT (Howard University Television)
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Sep 27, 2012
09/12
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WHUT
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looking at libya and looking at syria, when should united nations or member states intervene? >> well, these are different situations. in libya, i think we've been right in intervening because gaddafi was a dictator, and you remember that there was a sort of libyan spring, and nobody was possible because of gaddafi. therefore, a decision was taken to intervene. >> rose: is the principle you don't intervene no matter how atroacials the acts of the government in power, if in fact they have a member of the security council who opposes? or if in fact they have an army which will make it a very bloody affair. >> no. >> rose: are those the rules? >> no. the rule is because of veto if one or two people-- nations -- permanent security members-- we cannot contribute because our principle is to intervene only if we have a legal authorization. and up to now, three times, russia and china say no. and, therefore, up to now, we haven't been able to intervene. which is a humanitarian catastrophe. because every day you have more than 200 people killed. and because the security council doesn't
looking at libya and looking at syria, when should united nations or member states intervene? >> well, these are different situations. in libya, i think we've been right in intervening because gaddafi was a dictator, and you remember that there was a sort of libyan spring, and nobody was possible because of gaddafi. therefore, a decision was taken to intervene. >> rose: is the principle you don't intervene no matter how atroacials the acts of the government in power, if in fact they...
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Sep 7, 2012
09/12
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where does that leave political classes, not only in the eurozone but also in the united states. the global issue has been a subject john has been involved, the ceo of eli lilly. nice to see you. let's see this issue of leadership. clerly the onus with central banks doing as much as they can in terms of turning around the global economy. the emphasis is very much on a political class in europe that is fighting its own corners, and in a clearly divided political class in the united states. can't we achieve this sort of leadership the world needs economically? >> we're in a tough situations that's been years in the making and i think it will be years to work our way out of it. there's an old saying as elected democracies we get the leaders we deserve. different views on our leaders reflect a certain divisiveness on leaders. some of the comment i made here yesterday of the position i would take, and i think we should be looking toward from the perspective of anyone who runs a company is leadership that takes a long-term view when temptations are otherwise to deal only with the short
where does that leave political classes, not only in the eurozone but also in the united states. the global issue has been a subject john has been involved, the ceo of eli lilly. nice to see you. let's see this issue of leadership. clerly the onus with central banks doing as much as they can in terms of turning around the global economy. the emphasis is very much on a political class in europe that is fighting its own corners, and in a clearly divided political class in the united states. can't...
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Sep 10, 2012
09/12
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. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and it could even have an impact on the presidential election. in a detailed study of the summer's drought which scored soybeans, corn and other crops across the nation, macro economic advisors out of st. louis estimate it could shave as much as a half point off gross domestic product this year. that's a big hit to a $13 trillion economy from a total farm sector that accounts for just -- wait for it now -- 1% of the nation's output. ben herzon is the economist who did the study. pe explai he explains the drought's outside impact. >> even though it only accounts for 1% of the economy, big changes in farm output can
. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and...
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Sep 10, 2012
09/12
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states. >> where would you cut? >> i would means test heavily social security, medicare, drastically reduce defense spending. >> how would you handle medicare? would you like a voucher program? >> it's too late for that. you need to simply means test it, so if you're affluent, you're going to pay a much higher premium. everybody needs to pay bigger copays, bigger deductible. >> the equivalent of raising taxes on some people. >> we have to raise taxes on everybody. the bush tax cuts, all of them, for everybody. we cannot afford them. we couldn't afford them then. >> he's not the guy you thought he was. you want him to come in, you were going, we're not worthy, we're not worthy. that's not who he is, and you've written these things about the fantasy of the -- if you ever wrote about the obama budget it would be a nastier piece. >> the reason i haven't done that is i assumed people could see that. >> you can't assume that. we're going to meet all the actresses, you want to be a left winger so you can meet hollywood, th
states. >> where would you cut? >> i would means test heavily social security, medicare, drastically reduce defense spending. >> how would you handle medicare? would you like a voucher program? >> it's too late for that. you need to simply means test it, so if you're affluent, you're going to pay a much higher premium. everybody needs to pay bigger copays, bigger deductible. >> the equivalent of raising taxes on some people. >> we have to raise taxes on...
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Sep 21, 2012
09/12
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those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the company would consider them
those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under...
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Sep 5, 2012
09/12
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as far as what's on the agenda in the united states, second quarter productivity out at 8:30 eastern. forecasts calling for 1.9% growth. unit labor costs have seen rising by 1.4%. corporate side, discount retailer dollar general reports figures before the open. after the close we'll hear from the likes of h&r block, harry winston and menswear house. that's the agenda for you today. >>> meanwhile, a leaked report from troika suggests imposing a six-day work week on greece as a condition of bail outs. we want to know, is that fair or is the troika going too far? jeff tweets in to say, no, six-day work week is not fair. don't punish workers for government's mismanagement and stupid. join the conversation here on "worldwide exchange." get in touch by e-mail or tweet us @cnbcwex or individually. ross? >> do that and still to come, david cameron is under spotlight as he faces questions in parliament following yesterday's cabinet reshuffle. > >>> welcome back to the program. these are your headlines. fedex cutting forecasts. >>> u.s. services pmi shows a slump on the eve of a key ecb meeting
as far as what's on the agenda in the united states, second quarter productivity out at 8:30 eastern. forecasts calling for 1.9% growth. unit labor costs have seen rising by 1.4%. corporate side, discount retailer dollar general reports figures before the open. after the close we'll hear from the likes of h&r block, harry winston and menswear house. that's the agenda for you today. >>> meanwhile, a leaked report from troika suggests imposing a six-day work week on greece as a...